The shares of the chemical company, specializing in the manufacture and trading of chemicals with a focus on both organic and inorganic chemical intermediates, are in focus following its removal from the NSE’s F&O segment starting from the June series.
With a market capitalization of Rs. 26,945.13 crores on Wednesday, the shares of Deepak Nitrite Limited jumped upto 1.7 percent, making a high of Rs. 1984.00 per share compared to its previous closing price of Rs. 1950.40 per share.
Deepak Nitrite Limited, one of the leading intermediary companies in the Indian chemical industry, is to be excluded from the NSE’s Futures & Options (F&O) segment starting with the June series.
According to the NSE, these stocks will be removed from F&O trading after May 27, the expiry date of the May series. This means no new futures or options contracts will be introduced for these stocks beyond that date. However, existing contracts for March, April, and May will continue to trade as usual until their respective expiry dates.
Along with it, Apollo Tyres, Escorts Kubota, MRF, and Ramco Cements will also be removed from the F&O segment starting in June. This follows previous removals, with 16 more stocks set to exit by February 2025.
Deepak Nitrite at a Glance
Deepak Nitrite (DNL) is one of the fastest-growing and trusted chemical intermediates companies in India with a diversified portfolio of products that cater to multiple industries with varied applications. DNL is recognized globally as a ‘Responsible Manufacturer’ and as a ‘Supplier of Choice’ by marquee customers.
The company is a leading Indian chemical company with modern manufacturing facilities at five strategic locations. It offers over 32 products used in 56+ applications, serving more than 1,000 customers across 45+ countries. For the first nine months of FY25, the company reported revenues of Rs. 6,163 crore and employs over 5,000 people. Deepak Nitrite holds strong credit ratings of ICRA AA (Positive) for long-term and ICRA A1+ for short-term.
The company’s revenue declined by 4.8 percent from Rs. 2,022.78 crore to Rs. 1,924.39 crore in Q3FY24-25. Meanwhile, Net profit declined from Rs. 202.05 crore to Rs. 98.09 crore during the same period.
The company has exceptional ongoing and future plans in which they have introduced new products from existing assets, which are expected to improve revenue and margins in Q4, and the commissioning of its nitric acid complex is set to contribute from Q1 FY26.
Along with the addition of new integrations like MIBK, MIBC, and acetophenone will be operational by H1 FY26, expanding the company’s presence in the energy and life sciences sectors. Additionally, long-term contracts for key polymer building blocks have been established to reduce import dependence.
Deepak Nitrite currently operates at full capacity, producing 3.3 lakh TPA of phenol, 2 lakh TPA of acetone, and 80,000 TPA of isopropyl alcohol. To meet growing demand, the company plans to expand significantly over the next three years by adding 3 lakh TPA of phenol, 1.85 lakh TPA of acetone, and 1 lakh TPA of isopropyl alcohol.
These expansions will further strengthen Deepak Nitrite’s position as a leading chemical manufacturer and help reduce India’s import dependence on these key chemicals.
Written by Sridhar J
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